Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shares rose 16.9% during mid-day trading on Friday . The stock traded as high as C$1.46 and last traded at C$1.45. Approximately 1,212,448 shares traded hands during mid-day trading, an increase of 246% from the average daily volume of 350,151 shares. The stock had previously closed at C$1.24.
Midnight Sun Mining Price Performance
The company’s 50-day moving average is C$1.28 and its 200-day moving average is C$0.85. The firm has a market capitalization of C$294.38 million, a price-to-earnings ratio of -48.33 and a beta of 1.71. The company has a debt-to-equity ratio of 1.69, a current ratio of 45.60 and a quick ratio of 3.91.
Midnight Sun Mining Company Profile
Midnight Sun Mining Corp. engages in the acquisition and exploration of mineral properties in Africa. The company primarily explores for copper, cobalt, nickel, and gold deposits. It owns a 60% interest in the Solwezi licenses located in Zambia. The company was formerly known as Midnight Sun Capital Corporation and changed its name to Midnight Sun Mining Corp.
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